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ThinkTank Interest Rate Outlook Wk 23 2008

Mon, 2008-06-02 13:41 — Broker

Over the last week, the BBSW30 & BBSW90 rates continued to close the gap with the official cash rate only to blow out again by Thursday. So we are more or less where we were seven days ago with touch of nervousness replacing the short lived confidence.

BBSW30 is currently 7.5000% with BBSW90 at 7.7867%.

Fresh inflation figures are due for release today with commentators suggesting the result will have a major influence on the RBA’s decision on rates over the next two months. Growth data last week revealed a marked slowing in GDP which ordinarily might cause the RBA to think twice about lifting rates again however, it is clear from the minutes of the most recent meeting, inflation is the top priority and that means while inflation remains a concern, rates are at risk of going higher.




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